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In New York, you sometimes find unofficial community parks / third spaces on unused plots of land which for whatever reason (such as a strange shape) are diffic
by tetromino_ 1y ago
In New York, you sometimes find unofficial community parks / third spaces on unused plots of land which for whatever reason (such as a strange shape) are difficult to develop. These are maintained by enthusiastic local residents, and the land owners turn a blind eye to it as long as there are no complaints.
If LVT is implemented, land owners will have a financial incentive to sell off the plots, and the spaces will be gone.
- ta1243 1y agoSell them to who? How much would someone pay for land that's difficult to develop? If someone else can develop the land, why doesn't the current land owner
- kfajdsl 1y agoWhat incentive to sell off the plot does LVT create that doesn't already exist, maybe with a marginally lower degree? I'm guessing the reason they can't sell a tiny weirdly shaped lot is that no one wants it. If they didn't want it and they could sell it, they already have ample financial incentive to sell.